Vilnius Accelerates Billion-Euro Real Estate Megaproject 'Launagiai'

Vilnius is witnessing significant progress on "Launagiai," a monumental real estate development poised to become the largest of its kind in the city's history. The project, with an estimated cost exceeding 1 billion euros, aims to create a comprehensive new district spanning approximately 85 hectares, complete with all necessary urban infrastructure.

The development is being spearheaded by the real estate company "Darnu Group." Currently, detailed plans for about 59 hectares have been finalized and presented to the public. Concurrently, the company is developing the concept for the remaining 25.67-hectare section and is actively engaged in design work. Following an architectural competition in 2024, contracts were signed with nine architectural firms, representing a total design investment of around 20 million euros.

"Launagiai" is envisioned not as a collection of isolated blocks, but as a cohesive urban area. "From the outset, we have responsibly planned the entire territory with streets, public spaces, schools, kindergartens, service and retail infrastructure, and convenient transportation," stated Sigita Survilaitė, CEO of "Darnu Group."

Extensive preparatory work is currently underway to lay the foundation for this new part of the city. This includes developing street designs, public space concepts, and engineering networks for electricity, heating, water supply, and sewage. Contracts have also been signed with AB "Energijos skirstymo operatorius" (ESO) for the installation and design of a new substation. Simultaneously, building designs for the first 15 "Launagiai" blocks are being prepared, with more design phases set to commence soon.

The project includes plans for approximately 5.7 kilometers of new streets, over 11 kilometers of sidewalks, and about 2 kilometers of recreational paths. A 2.25-kilometer network of bicycle paths is also planned within the initial two detailed plans. New public transport stops and infrastructure for convenient mobility are incorporated, with long-term integration into the city's planned light rail system. Additionally, a reconstruction project for Eišiškės Highway is being developed in collaboration with the Vilnius City Municipality, based on traffic flow studies. The development will feature around 700 public parking spaces, with resident parking planned in underground facilities to maximize green spaces and recreational areas.

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Launagiai is not about a few separate blocks – from the beginning, we have responsibly planned the entire territory with streets, public spaces, schools, kindergartens, service and retail infrastructure, and convenient transportation.